By Angela Palumbo

Roku stock jumped late Thursday after the streaming platform reported better-than-expected fourth-quarter results.

Roku posted a fourth-quarter loss of 24 cents a share on revenue of $1.2 billion. Analysts surveyed by FactSet were expecting a loss of 41 cents a share on revenue of $1.15 billion.

In the same period last year, the company reported a loss of 55 cents a share on revenue of $984.4 million.

Roku also said that streaming hours on The Roku Channel grew 82% from the previous year, and reached households with approximately 145 million people in the U.S. in the fourth quarter.

The company expects first-quarter revenue of $1.005 billion, up 14% year-over-year. That's about in-line with analysts expectations of $1.006 billion.

"As we look ahead, we see clear paths to growing our KPMs [key performance measures] of Streaming Hours, Platform revenue, Adjusted EBITDA, and Free Cash Flow," CEO Anthony Wood said in a letter to shareholders. "In addition, we expect to be operating income positive for full year 2026."

Roku stock was up 12% in after-hours trading Thursday following the report.

Write to Angela Palumbo at angela.palumbo@dowjones.com

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February 13, 2025 16:37 ET (21:37 GMT)

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